Godrej Consumer Products Limited has informed the Exchange about Notice To Shareholders Of The Company For Transfer Of Equity Shares To The Investor Education And Protection Fund (IEPF) Account
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Godrej Consumer Products Limited has issued a notice to shareholders regarding unclaimed dividends from May 2019 onwards. Under the Companies Act, 2013, dividends unclaimed for 7 consecutive years must be transferred to IEPF, along with the underlying shares. The company specifically mentions the August 2019 interim dividend, where the 7-year period ends September 6, 2026. Shareholders have until August 10, 2026 to submit their claims to the company's RTA (MUFG Intime India Private Limited). The notice also reminds shareholders that SEBI has mandated KYC updation (PAN linked to Aadhaar, contact details, bank account, and nomination) for physical shareholders, with dividends payable only via electronic mode from April 1, 2024. If claims are not submitted by the deadline, shares will be transferred to IEPF without further notice.
Shareholders holding physical shares or having unclaimed dividends from 2019 should act immediately to claim their dividends and update KYC details, or their shares will be transferred to IEPF and can only be recovered through a lengthy government process.